Latest Briefings

Approval of liquidator’s remuneration: a tale of two reporters

A recent Sheriff Court judgment is the latest decision to consider the role and remit of the court reporter in a liquidation which, unusually, involved the court appointing two reporters. In Scotland, the Insolvency (Scotland) (Receivership and Winding Up) Rules 2018 provide that where there is no creditors committee, the remuneration of a liquidator shall […]

Variation to an office lease to allow use as a private members’ club

The Upper Tribunal has allowed a variation to a lease that restricted the use of a property to office use (with minor residential use) so that the tenant could implement a planning permission to convert the property into a private members’ club. Background A user clause in a lease is a restrictive covenant. If the […]

Tax now payable much sooner following a disposal of residential property

From 6 April 2020 significant changes will be made to the deadline for paying capital gains tax (CGT) and filing tax returns in respect of disposals by individuals and trusts of UK residential property. Taxpayers and advisers need to be aware of these changes now. UK property disposals prior to 6 April 2020 Previously, UK […]

Coronavirus job retention scheme: pensions aspects

When considering how to use the coronavirus job retention scheme (CJRS), employers may be wondering what this means for pension contributions and auto-enrolment obligations. This update considers some of the issues. How the CJRS works To access the CJRS an employer will need to designate affected employees as furloughed workers, notify the employees of this […]

Competition law – welcome guidance in a time of crisis

The Competition and Markets Authority (CMA) has published helpful guidance on how it will apply competition law in light of COVID-19. Meanwhile, the government has taken the unprecedented step of relaxing competition law in certain sectors. In the round, these developments offer welcome guidance and comfort – but they also serve as a timely reminder […]

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Birchams strives for pole position in motoring law

Bircham Dyson Bell has moved to develop a specialist automotive practice within the firm’s corporate department, securing its first instructions on a management buyout of a dealership network for Volkswagen (VW). Corporate partner Carol Martin is leading the new direction for the firm, working in conjunction with consultancy service Practical Strategy. “No one’s taken the […]

Controlling Interests

If private practice is not for you and policing the City and public interest issues are more your thing, life as a regulator could be the answer. Embarking on a legal career that involves climbing the greasy pole to partnership at a big City firm does not appeal to every law graduate. In fact, many […]

International report

Ropes & Gray began life in 1865 in Boston, Massachusetts. In the 140-odd years since, it has grown to 775 fee-earners – of whom almost a third are equity partners – and opened offices in New York and San Francisco. In January 2001 the firm merged with New York IP outfit Fish & Neave, adding […]

Newly qualifieds given huge boost in latest salary hikes

Newly qualified and trainee solicitors across the City have been celebrating after receiving their biggest pay rises for several years. Herbert Smith, Norton Rose, Simmons & Simmons and SJ Berwin have boosted their newly qualified’s salaries by 10 per cent to £55,000. Linklaters, which kicked off the salary hikes, has increased its newly qualified’s salaries […]

SJ Berwin hikes turnover by 23 per cent

SJ Berwin has taken the riches of last year’s M&A resurgence and delivered a 23 per cent jump in turnover, while Herbert Smith has struggled to maintain its momentum. Preliminary figures for SJ Berwin reveal that turnover rose to £150.5m in 2005-06, up from £122m the previous year, breaking the firm’s budgeted increase of 15 […]

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